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World Bank approves $65m extra loan for Nigeria’s procurement reform

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World Bank approves $65m extra loan for Nigeria’s procurement reform

01 Jul, 2025

The World Bank has approved an additional $65m credit facility for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement project, The PUNCH exclusively reports. This additional financing brings the total project financing to $145m. According to official records from the Washington-based lender, the approval was granted on June 24, 2025, ahead of the earlier projected timeline of June 30, 2025. The project status has since been updated to “active”, with the World Bank confirming that it has reached the “Bank Approved” stage.....................READ MORE